VS
CI Invesco International Developed Dynamic-Multifactor Index ETF (IIMF) and Vanguard FTSE Developed Europe All Cap Index ETF (VE) offer distinct profiles for Canadian ETF investors. A direct comparison shows that IIMF focuses its top 3 sector exposures on Finance, Industrials, and Consumer Non-Cyclicals, while VE leans towards Finance, Industrials, and Healthcare. When evaluating costs, IIMF features a management fee (MER) of 0.39%, compared to 0.2% for VE. Performance-wise, IIMF has returned 19.23% year-to-date with -$7 M in net flows, whereas VE is at 11.19% with +$111 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
IIMF
VE
| AuM | $87.39 M | $678.46 M |
| Management Fees | 0.39% | 0.20% |
| Exp. ratio | 0.40% | 0.23% |
| Tracking Difference | -1.66% | 0.07% |
Historical performance and flows
As of September 2, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | IIMF | -1.45% | +0.14% | +19.23% | +31.09% | +60.45% |
VE | -2.34% | +3.31% | +11.19% | +21.45% | +71.40% | |
| Flows | IIMF | +$0 M | -$0 M | -$7 M | +$21 M | +$60 M |
VE | +$0 M | +$17 M | +$111 M | +$169 M | +$363 M |
IIMF vs VE exposure
Countries
IIMF
Japan
14.54%
United Kingdom
13.55%
Switzerland
12.29%
Republic of Korea
10.64%
France
9.71%
Australia
7.77%
Other
31.49%
VE
United Kingdom
21.67%
Switzerland
14.62%
France
13.10%
Germany
12.76%
Netherlands
8.92%
Other
28.93%
Sectors
IIMF
Finance
14.97%
Industrials
14.50%
Consumer Non-Cyclicals
13.53%
Healthcare
12.88%
Technology
12.78%
Non-Energy Materials
7.71%
Other
23.63%
VE
Finance
26.57%
Industrials
16.78%
Healthcare
11.60%
Technology
9.00%
Consumer Non-Cyclicals
8.50%
Other
27.55%
As of September 2, 2026
Top 10 Holdings
IIMF
Samsung Electronics Co., Ltd.
4.47%
Novartis AG
2.97%
Roche Holding AG
2.88%
SK hynix, Inc.
2.68%
Nestlé SA
2.60%
Shell Plc
2.60%
Investor AB
1.88%
3i Group Plc
1.54%
Sanofi
1.33%
Safran SA
1.32%
VE
ASML Holding NV
3.95%
HSBC Holdings Plc
2.26%
Roche Holding AG
1.91%
Novartis AG
1.81%
Nestlé SA
1.60%
Shell Plc
1.58%
AstraZeneca PLC
1.58%
Siemens AG
1.48%
Banco Santander SA
1.27%
Allianz SE
1.17%
Diversification
IIMF
Total weight of top 10 holdings out of 866 total
24.26%
VE
Total weight of top 10 holdings out of 1,216 total
18.60%
Characteristics
Compare
IIMF
VE
| Provider | CI | Vanguard |
| Management | Passively managed | Passively managed |
| Benchmark | FTSE Developed ex US Invesco Dynamic Multifactor Index - CAD | FTSE Developed Europe All Cap Net Total Return Index - CAD |
| Replication Method | Direct (Physical) | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 2.44% | 2.64% |
| Meets ESG criteria | No | No |
| Inception Date | July 13, 2023 | June 30, 2014 |
Frequently asked questions about IIMF and VE
Which ETF has performed better year to date: IIMF or VE?
As of September 2, 2026, IIMF has returned 19.23% year to date, while VE has returned 11.19%. IIMF is ahead on YTD performance.
Which ETF is larger by assets under management: IIMF or VE?
As of September 2, 2026, IIMF manages $87.39 M in assets, while VE manages $678.46 M. VE is the larger fund by AUM.
How are IIMF and VE managed?
IIMF is passively managed by CI. It tracks the FTSE Developed ex US Invesco Dynamic Multifactor Index - CAD benchmark. VE is passively managed by Vanguard. It tracks the FTSE Developed Europe All Cap Net Total Return Index - CAD benchmark.
What sectors do IIMF and VE emphasize?
IIMF is most exposed to Finance, Industrials, and Consumer Non-Cyclicals. VE is most exposed to Finance, Industrials, and Healthcare.
Which ETF is attracting more investor flows: IIMF or VE?
Year to date, IIMF has seen -$7.08 M in net flows, compared with +$110.88 M for VE. VE has attracted more net investor money so far.
How do the fees of IIMF and VE compare?
IIMF has an expense ratio of 0.40%, while VE has an expense ratio of 0.23%.
What are the top holdings of IIMF and VE?
IIMF's largest holdings include Samsung Electronics Co., Ltd., Roche Holding AG, and Novartis AG. VE's top holdings include ASML Holding NV, HSBC Holdings Plc, and Roche Holding AG.
Which ETF is more diversified: IIMF or VE?
IIMF holds 850 securities, while VE holds 1170. On holdings count, VE is the more diversified portfolio.
Recent articles about IIMF and VE
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